Colombia Laundry Appliances Market

Colombia Laundry Appliances Market by Products (Washing Machine, Dryers, Electric Smoothing Irons, and Others), Types (Freestanding Laundry Appliances, Built-in Laundry Appliances), Technologies (Automatic, Semi-Automatic/ Manual, Others) Distribution Channels (Supermarkets & Hypermarkets, Specialty Stores, Online, and Others), and Country - Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028

  • Report ID: CG-2785
  • Author: Growth Market Reports
  • Rating: 4.8
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  • No. Of Pages: 191
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The Colombia laundry appliances market size is projected to register a significant CAGR during the forecast period, 2021–2028. The growth of the market is attributed to the rising incomes and growing trend for a comforting lifestyle.

Colombia Laundry Appliances Market summary

The move from conventional hand-washing to appliance-supported as disposable incomes continue to climb in developing economies also technological advancements in products caterings the demand for laundry appliances.

Consumer lifestyle and choice changes that result in a higher standard of living are predicted to be the primary driver driving the global washing machine cleaner market forward. Consumers are seeking smart home appliances that may help them save time and money while also improving their quality of life.

In 2019, urban regions and cities accounted for 81.1 percent of Colombia's total population. Smaller container sizes, concentrates, and multiuse/multifunction items may see a surge in demand as a result of urbanization.

Few consumers will want to carry big parcels through busy city streets therefore, urbanization may boost the need of lighter and easier-to-transport products. Finally, as developing markets become more urbanized, new cleaning appliances may become more widely adopted.

The International Monetary Fund classifies Colombia as an upper middle-income country with one of Latin America's major economies. The economy of the country is determined by its geography, and like many other South American countries, it is dependent on its abundant natural resources.

According to a Global economic data. Colombia had an average of 21.34 million employed individuals which is increasing every year this leads to increasing disposable income and demand for consumer goods that helps in balancing the work life.

Market Trends, Drivers, Restraints, and Opportunities

  • Increasing demand for convenience appliances is anticipated to push the market growth during the forecast period.
  • Growing women participation in the labor market and bringing more income into their families is projected to drive the market.
  • Shrinking households and growing older population is expected to boost the market.
  • The rising income per capita and Single-person households is projected to fuel the market expansion in the coming years.
  • Growing stressful work environments and decreasing work-life balance are expected to spur market growth.
  • The rapid growth of the consumer goods industry is a major factor boosting market growth in the coming years.
  • The high price of the smart washing machine is expected to hinder the market growth.
  • Improved efficacy of liquid detergent on cleaning, as well as its innovation & technological advancement in fabric cleaning is expected to create an immense opportunity for the market players.

Scope of the Report

The report on the Colombia laundry appliances market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes

Details

Report Title

Colombia Laundry Appliances Market - Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2020

Historic Data

2018–2019

Forecast Period

2021–2028

Segmentation

Products (Washing Machine, Dryers, Electric Smoothing Irons, and Others), Types (Freestanding Laundry Appliances, Built-in Laundry Appliances), Technologies (Automatic, Semi-Automatic/ Manual, Others) Distribution Channels (Supermarkets & Hypermarkets, Specialty Stores, Online, and Others)

Country Scope

Colombia

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered in the Report

Mabe Colombia; Industrias Haceb SA; Electrolux; LG Electronics;Samsung

Colombia Laundry Market Segment Insights

The washing machine segment is projected to account for a major market share

Based on Products, the Colombia laundry appliances market is divided into washing machine, dryers, electric smoothing irons, and others. The washing machine segment is expected to represent a key share of the market during the forecast period owing to busy lifestyle as well growing working women population in the region is the major factor for the growth.

Colombia Laundry Appliances Market products

The freestanding laundry appliances segment is expected to grow at a robust pace

On the basis of types, the Colombia laundry appliances market is segmented into freestanding laundry appliances, built-in laundry appliances. The freestanding laundry appliances segment is expected to hold a key share of the market in the coming years owing to rising demand for small size, portable, and compact washing machines.

Colombia Laundry Appliances Market types

The automatic segment is anticipated to register CAGR

In terms of technologies, the Colombia laundry appliances market is divided into automatic, semi-automatic/ manual, others. The automatic segment is expected to hold a key share of the market during the forecast period owing to rise in the number of single-family homes and urbanization has resulted in an increase in the usage of automated washing machines.

The supermarkets & hypermarkets segment is expected to register at a significant pace

In terms of distribution channels, the Colombia laundry appliances market is segmented into supermarkets & hypermarkets, specialty stores, online, other distribution channels. The supermarkets & hypermarkets segment is expected to represent a key share of the market due to wide range of options available and also consumer can physically check the product.

Colombia Laundry Appliances Market distribution channel

Segments

Segments Covered in the Report
The Colombia Laundry Appliances Market has been segmented on the basis of
Products

  • Washing Machine
  • Dryers
  • Electric Smoothing Irons
  • Others

Types

  • Freestanding Laundry Appliances,
  • Built-in Laundry Appliances

 Technologies

  • Automatic
  • Semi-Automatic/ Manual
  • Others

 Distribution Channels

  • Supermarkets and Hypermarkets,
  • Specialty Stores
  • Online
  • Others

Country

  • Colombia

Key Market Players

  • Mabe Colombia
  • Industrias Haceb SA
  • Electrolux
  • LG Electronics
  • Samsung

 

Competitive Landscape

Key players competing in the Colombia laundry appliances market include Mabe Colombia; Industrias Haceb SA ; Electrolux; LG Electronics; Samsung

Some of these players are focusing on business strategies including partnerships, collaborations, capacity expansion, and product launches to increase their market shares.

Colombia Laundry Appliances Market keyplayers

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Laundry Appliances Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Laundry Appliances Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Laundry Appliances Market - Supply Chain
  4.5. Global Laundry Appliances Market Forecast
     4.5.1. Laundry Appliances Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Laundry Appliances Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Laundry Appliances Market Absolute $ Opportunity
5. Global Laundry Appliances Market Analysis and Forecast by Types
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Types
     5.2.2. Y-o-Y Growth Projections by Types
  5.3. Laundry Appliances Market Size and Volume Forecast by Types
     5.3.1. Freestanding Laundry Appliances
     5.3.2. Built-in Laundry Appliances
  5.4. Absolute $ Opportunity Assessment by Types
  5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global Laundry Appliances Market Analysis and Forecast by Region
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by Region
     6.2.2. Y-o-Y Growth Projections by Region
  6.3. Laundry Appliances Market Size and Volume Forecast by Region
     6.3.1. North America
     6.3.2. Latin America
     6.3.3. Europe
     6.3.4. Asia Pacific
     6.3.5. Middle East and Africa (MEA)
  6.4. Absolute $ Opportunity Assessment by Region
  6.5. Market Attractiveness/Growth Potential Analysis by Region
  6.6. Global Laundry Appliances Demand Share Forecast, 2019-2026
7. North America Laundry Appliances Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
  7.2. North America Laundry Appliances Market Size and Volume Forecast by Country
     7.2.1. U.S.
     7.2.2. Canada
  7.3. Absolute $ Opportunity Assessment by Country
  7.4. North America Laundry Appliances Market Size and Volume Forecast by Types
     7.4.1. Freestanding Laundry Appliances
     7.4.2. Built-in Laundry Appliances
  7.5. Basis Point Share (BPS) Analysis by Types
  7.6. Y-o-Y Growth Projections by Types
  7.7. Market Attractiveness/Growth Potential Analysis
     7.7.1. By Country
     7.7.2. By Product Type
     7.7.3. By Application
  7.8. North America Laundry Appliances Demand Share Forecast, 2019-2026
8. Latin America Laundry Appliances Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Latin America Average Pricing Analysis
  8.2. Latin America Laundry Appliances Market Size and Volume Forecast by Country
      8.2.1. Brazil
      8.2.2. Mexico
      8.2.3. Rest of Latin America
   8.3. Absolute $ Opportunity Assessment by Country
  8.4. Latin America Laundry Appliances Market Size and Volume Forecast by Types
     8.4.1. Freestanding Laundry Appliances
     8.4.2. Built-in Laundry Appliances
  8.5. Basis Point Share (BPS) Analysis by Types
  8.6. Y-o-Y Growth Projections by Types
  8.7. Market Attractiveness/Growth Potential Analysis
     8.7.1. By Country
     8.7.2. By Product Type
     8.7.3. By Application
  8.8. Latin America Laundry Appliances Demand Share Forecast, 2019-2026
9. Europe Laundry Appliances Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Europe Average Pricing Analysis
  9.2. Europe Laundry Appliances Market Size and Volume Forecast by Country
     9.2.1. Germany
     9.2.2. France
     9.2.3. Italy
     9.2.4. U.K.
     9.2.5. Spain
     9.2.6. Russia
     9.2.7. Rest of Europe
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Europe Laundry Appliances Market Size and Volume Forecast by Types
     9.4.1. Freestanding Laundry Appliances
     9.4.2. Built-in Laundry Appliances
  9.5. Basis Point Share (BPS) Analysis by Types
  9.6. Y-o-Y Growth Projections by Types
  9.7. Market Attractiveness/Growth Potential Analysis
     9.7.1. By Country
     9.7.2. By Product Type
     9.7.3. By Application
  9.8. Europe Laundry Appliances Demand Share Forecast, 2019-2026
10. Asia Pacific Laundry Appliances Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Asia Pacific Average Pricing Analysis
  10.2. Asia Pacific Laundry Appliances Market Size and Volume Forecast by Country
     10.2.1. China
     10.2.2. Japan
     10.2.3. South Korea
     10.2.4. India
     10.2.5. Australia
     10.2.6. Rest of Asia Pacific (APAC)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Asia Pacific Laundry Appliances Market Size and Volume Forecast by Types
     10.4.1. Freestanding Laundry Appliances
     10.4.2. Built-in Laundry Appliances
  10.5. Basis Point Share (BPS) Analysis by Types
  10.6. Y-o-Y Growth Projections by Types
  10.7. Market Attractiveness/Growth Potential Analysis
     10.7.1. By Country
     10.7.2. By Product Type
     10.7.3. By Application
  10.8. Asia Pacific Laundry Appliances Demand Share Forecast, 2019-2026
11. Middle East & Africa Laundry Appliances Market Analysis and Forecast
  11.1. Introduction
     11.1.1. Basis Point Share (BPS) Analysis by Country
     11.1.2. Y-o-Y Growth Projections by Country
     11.1.3. Middle East & Africa Average Pricing Analysis
  11.2. Middle East & Africa Laundry Appliances Market Size and Volume Forecast by Country
     11.2.1. Saudi Arabia
     11.2.2. South Africa
     11.2.3. UAE
     11.2.4. Rest of Middle East & Africa (MEA)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Middle East & Africa Laundry Appliances Market Size and Volume Forecast by Types
     11.4.1. Freestanding Laundry Appliances
     11.4.2. Built-in Laundry Appliances
  11.5. Basis Point Share (BPS) Analysis by Types
  11.6. Y-o-Y Growth Projections by Types
  11.7. Market Attractiveness/Growth Potential Analysis
     11.7.1. By Country
     11.7.2. By Product Type
     11.7.3. By Application
  11.8. Middle East & Africa Laundry Appliances Demand Share Forecast, 2019-2026
12. Competition Landscape
  12.1. Global Laundry Appliances Market: Market Share Analysis
  12.2. Laundry Appliances Distributors and Customers
  12.3. Laundry Appliances Market: Competitive Dashboard
  12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     12.4.1. Mabe Colombia
     12.4.2. Industrias Haceb SA
     12.4.3. Electrolux
     12.4.4. LG Electronics
     12.4.5. Samsung

Segments Covered in the Report
The Colombia Laundry Appliances Market has been segmented on the basis of
Products

  • Washing Machine
  • Dryers
  • Electric Smoothing Irons
  • Others

Types

  • Freestanding Laundry Appliances,
  • Built-in Laundry Appliances

 Technologies

  • Automatic
  • Semi-Automatic/ Manual
  • Others

 Distribution Channels

  • Supermarkets and Hypermarkets,
  • Specialty Stores
  • Online
  • Others

Country

  • Colombia

Key Market Players

  • Mabe Colombia
  • Industrias Haceb SA
  • Electrolux
  • LG Electronics
  • Samsung

 

Key players competing in the Colombia laundry appliances market include Mabe Colombia; Industrias Haceb SA ; Electrolux; LG Electronics; Samsung

Some of these players are focusing on business strategies including partnerships, collaborations, capacity expansion, and product launches to increase their market shares.

Colombia Laundry Appliances Market keyplayers

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